Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
The report was in line with expectations. Cattle could move back to contract highs, opening $1.00 to $1.25 higher and moving higher throughout the day.
COF report is friendly for Feeder Cattle. Friday, traders moved prices into gaps but were unable to fill them. Island tops remain.
PORK COMPLEX
Even though year to date slaughter is down 1,094,726 hogs compared to 2024, there is little difference between hog prices and pork prices to 2025. Packer margins are moving back to a positive area. Demand for pork expected to increase summer into end of the year.
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